UNITED STATES NAVAL ACADEMY ALUMNI… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1947

Legal Domicile

Principal Officer

JEFFREY WEBB

Phone

4102954000

Tax Period

2023-07-01 to 2024-06-30

UNITED STATES NAVAL ACADEMY ALUMNI ASSOC, founded in 1947, is a mid-sized nonprofit in the Education sector that reported $14.6M in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $17.8M exceeded revenue, resulting in a 22% operating deficit.

Mission

ESTABISHED IN 1886, THE US NAVAL ACADEMY ALUMN ASSOCIATION CONTINUES TO ADHERE TO ITS MISSION TO STRENGHTEN OUR MEMBERS BONDS TO THE ACADEMY AND EACH OTHER, TO HELP THEM THRIVE AS LEADERS IN AND OUT OF UNIFORM, AND REACH THEIR FULL POTENTIAL. THE MISSION STATEMENT OF THE RELATED ENTITY, THE U.S. NAVAL ACADEMY FOUNDATION: TO SUPPORT, PROMOTE AND ADVANCE THE MISSION OF THE NAVAL ACADEMY BY WORKING IN CONJUNCTION WITH ACADEMY LEADERSHIP TO IDENTIFY STRATEGIC INSTITUTIONAL PRIORITIES AND BY RAISING, MANAGING AND DISBURSING PRIVATE GIFT FUNDS THAT PROVIDE A MARGIN OF EXCELLENCE IN SUPPORT OF THE NATION'S PREMIER LEADERSHIP INSTITUTION.

Program Service Accomplishments

Program 1

Expenses: $6,217,470 Revenue: $635,842

MEMBERSHIP SUPPORT - COSTS TO PROVIDE SERVICES TO MEMBERS OF THE ALUMNI ASSOCIATION, CLASS AND CHAPTER SUPPORT, AND SPECIAL ALUMNI EVENTS. THE ASSOCIATION ENGAGED WITH 72,286 EXISTING AND 2,101 NEW MEMBERS IN THE CURRENT FISCAL YEAR. THE ASSOCIATION SUPPORTS 104 CHAPTERS AROUND THE WORLD, 77 PARENT CLUBS THROUGHOUT THE US AND 6 SHARED INTEREST GROUPS. STAFF SUPPORTS AN INTERNATIONAL CHAPTER OFFICER'S FORUM EACH YEAR, TWO CLASS MEETINGS AND VARIOUS PARENT FUNCTIONS. ASSOCIATION MEMBERS ARE INVITED TO PARTICIPATE IN A NUMBER OF SPECIAL EVENTS INCLUDING TAILGATES AND FOUNDER'S DAY, LUNCHEONS WITH SPEAKERS, ACADEMY EVENTS AND ACTIVITIES WITH THE BRIGADE OF MIDSHIPMEN.

Program 2

Expenses: $3,179,296

SUPPORT - THE ASSOCIATION MAKES CONTRIBUTIONS TO THE U.S. NAVAL ACADEMY AND THE U.S. NAVAL ACADEMY FOUNDATION INC., A RELATED PARTY. CONTIBUTIONS TO U.S. NAVAL ACADEMY SUPPORTED CYBER PROGRAMS, STEM AND ENDOWED CHAIRS, MIDSHIPMEN CLUBS SPORTS AND INTERNATIONAL TRAVEL/STUDIES, CREATIVE ARTS AND ATHLETIC FACILITIES.

Program 3

Expenses: $1,512,036 Revenue: $1,076,317

CAREER TRANSITIONS - EXPENSES RELATED TO THE SERVICE ACADEMICS CAREER CONFERENCE. THE ASSOCIATION MANAGES JOB FAIRS FOUR TIMES PER YEAR AROUND THE COUNTRY WHICH ARE EXCLUSIVE TO SERVICE ACADEMY...

CAREER TRANSITIONS - EXPENSES RELATED TO THE SERVICE ACADEMICS CAREER CONFERENCE. THE ASSOCIATION MANAGES JOB FAIRS FOUR TIMES PER YEAR AROUND THE COUNTRY WHICH ARE EXCLUSIVE TO SERVICE ACADEMY ALUMNI. THE ASSOCIATION ALSO PROVIDES CAREER COUNSELING AND OTHER CAREER SUPPORT OPPORTUNITIES FOR INTERESTED ALUMNI.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,391,362

Program Service Revenue $1,892,904

Investment Income $2,799,326

Other Revenue $1,523,676

TOTAL REVENUE $14,607,268

Expense Breakdown

Grants Paid $3,179,296

Salaries & Benefits $6,929,161

Fundraising Expenses $1,083,679

Program Expenses $13,643,517

Other Expenses $7,668,958

TOTAL EXPENSES $17,777,415

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,607,268	$26,322,693	-0.4%
Expenses	$17,777,415	$15,246,071	+0.2%
Net Income	$-3,170,147	$11,076,622	-1.3%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,319,279

Total Directors

$589,276

Key Employees

$854,765

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK E FERGUSON	CHAIR	2.00	Officer Director	$0	$0	$0
WILLIAM D BEYDLER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JEFFREY R WEBB	PRESIDENT/CEO (SEE SCH J)	24.00	Officer Director	$224,824	$27,214	$589,276
ENOCHIA T ANDERSON	TRUSTEE	2.00	Director	$0	$0	$0
BOBBY E BROWN	TRUSTEE (BEG 5/10/24)	2.00	Director	$0	$0	$0
IAN M CAMERON	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN W COMISKEY	TRUSTEE	2.00	Director	$0	$0	$0
JOHN COPPOLA	TRUSTEE (BEG 5/10/24)	2.00	Director	$0	$0	$0
JAMES C CUMMINGS	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN S DEJARNETT	TRUSTEE	2.00	Director	$0	$0	$0
ANGELA R DOMINGOS	TRUSTEE (BEG 5/10/24)	2.00	Director	$0	$0	$0
DWIGHT D FONTILLA	TRUSTEE (BEG 5/10/24)	2.00	Director	$0	$0	$0
MAEGEN L GRANDY NIX	TRUSTEE (BEG 5/10/24)	2.00	Director	$0	$0	$0
GORDON M GERSON	TRUSTEE	2.00	Director	$0	$0	$0
INGAR A GREV	TRUSTEE (BEG 5/10/24)	2.00	Director	$0	$0	$0
GREGORY A GOINS	TRUSTEE (THRU 5/10/24)	2.00	Director	$0	$0	$0
MATTHEW L GUYTON	TRUSTEE	2.00	Director	$0	$0	$0
GREGORY R HAMELIN	TRUSTEE (BEG 5/10/24)	2.00	Director	$0	$0	$0
DONALD H HORNER	TRUSTEE	2.00	Director	$0	$0	$0
ANTHONY D KONECNY	TRUSTEE (THRU 5/10/24)	2.00	Director	$0	$0	$0
BARBETTE H LOWNDES	TRUSTEE	2.00	Director	$0	$0	$0
TODD C NICHOLS	TRUSTEE (THRU 5/10/24)	2.00	Director	$0	$0	$0
GEORGE P O'GARRO	TRUSTEE	2.00	Director	$0	$0	$0
ALEX PLECHASH	TRUSTEE (THRU 5/10/24)	2.00	Director	$0	$0	$0
STEVEN R RASMUSSEN	TRSUTEE (BEG 5/10/24)	2.00	Director	$0	$0	$0
RENEE B REEDY	TRSUTEE (BEG 5/10/24)	2.00	Director	$0	$0	$0
JILL A ROUGH	TRUSTEE	2.00	Director	$0	$0	$0
MARK S RUPPRECHT	TRUSTEE (THRU 5/10/24)	2.00	Director	$0	$0	$0
JAMES C SCHWAB	TRUSTEE	2.00	Director	$0	$0	$0
JON C SMITH	TRUSTEE (THRU 5/10/24)	2.00	Director	$0	$0	$0
DARRYL L SMITH	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN F STONE	TRUSTEE	2.00	Director	$0	$0	$0
STEVE A SWIFT	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT J TAYLOR	TRUSTEE (BEG 5/10/24)	2.00	Director	$0	$0	$0
JENNIFER B TYLL	TRUSTEE	2.00	Director	$0	$0	$0
JULIANA R VIDA	TRUSTEE (THRU 10/9/23)	2.00	Director	$0	$0	$0
THOMAS O WAGNER	TRUSTEE	2.00	Director	$0	$0	$0
MATICE M WRIGHT-SPRINGER	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT W GAST	EVP & CFO/TREAS (THRU 5/10/24) (SEE SCH J)	27.00	Officer	$131,860	$49,233	$342,256
WESLEY S HUEY	EVP, STR & LEG PROG/SEC (SEE SCH J)	50.00	Officer	$158,744	$9,307	$168,051
LISA STROBEL	EXEC DIRECTOR OF FINANCE (SEE SCH J)	22.50	Officer	$89,361	$21,118	$219,696
THOMAS GRADY	VP COMMS & ENGAGEMENT (SEE SCH J)	50.00	Key Emp	$288,728	$11,251	$299,979
DONALD KENNEDY	ED EVENTS & FACILITIES (SEE SCH J)	50.00	Key Emp	$170,872	$8,427	$179,299
GARRETT KEATING	DIRECTOR, IT (SEE SCH J)	22.50	Key Emp	$67,868	$41,000	$191,818
JOY JONES	ED, HUMAN RESOURCES (SEE SCH J)	22.50	Key Emp	$69,934	$28,261	$183,669
TIMOTHY SMITH	DR, FINANCIAL REPORTING (SEE SCH J)	22.50	Highest	$69,581	$16,972	$171,596
SCOTT GAISER	SR DIRECTOR, REAL ESTATE (SEE SCH J)	50.00	Highest	$174,822	$10,261	$185,083
JOHN SCHOFIELD	ED ENTERPRISE COMMS	50.00	Highest	$125,423	$6,888	$132,311
JORDAN BAILEY	SR AD, ENTERPRISE NETWORK & SECURITY	22.50	Highest	$59,055	$7,444	$138,679
DERRICK PLANZ	AD, SOFTWARE DEV (SEE SCH J)	22.50	Highest	$56,457	$28,150	$153,612
CDR CRAIG J WASHINGTON	FORMER SEC/VP ENGAGEMENT (SEE SCH J)	0.00		$140,000	$0	$140,000

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$14,607,268	$17,777,415	$155,286,777	$-3,170,147
2023	$26,322,693	$15,246,071	$150,500,525	$11,076,622
2022	$26,897,412	$11,615,230	$136,310,345	$15,282,182
2021	$20,289,492	$10,916,744	$130,841,855	$9,372,748
2020	$19,964,863	$9,514,736	$105,673,510	$10,450,127
2019	$21,628,686	$10,100,721	$98,727,480	$11,527,965
2018	$12,371,969	$9,917,964	$84,664,452	$2,454,005

UNITED STATES NAVAL ACADEMY ALUMNI ASSOC